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19:34
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Originally posted by zog
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William - I understand you point but I thought (after due consideration) you now accepted that your facts were incorrect in regard to the progress of the Silex uranium enrichment development. The fact is that in 2006 SLX EXCLUSIVELY licenced their technology to GEH (who at that stage (2006) wholly owned GLE (Cameco came in later with 24% in 2008). At that stage TOTAL control of uranium enrichment development/commercialization passed to GEH - that position existed right up to January 2021. SLX was a subcontractor to GEH and was (until July 2014) paid for development work both in Wilmington and Lucas heights In July 2014 GEH decided to "slow" development which included terminating the SLX consultancy work (GEH still had exclusive rights) and GEH eventually came to a term sheet arrangement with SLX but any further uranium enrcichment development by SLX was not paid by GEH but did continue (after about a years fiasco) in Lucas Heights at SLX expense (some work - considerabley cut back - also continued at GEH expense in Wilmington. In settlement there was then an agreement between GEH and SLX that under the term sheet SLX would rent space in Wilmington (for the test loop) and what was really just "care and maintenance of the test loop. In about 2017 GEH (and SLX) could not find a buyer (buyers felt the laser was too high risk) and eventaully (in about 2018 when SLX/Cameco threatened to stop all work - GEH agreed to sell GLE to SLX/Cameco which needed US government approval which was only consummated in early 2021. Comeco continued its 24% support of SLX up until 2019 and then upped their support to 49% of costs in 2019.
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I want to ask you if you think that the relatively volatile and unpredictable political considerations of the Trump presidency have a bearing on the future for Silex and Cameco. It does seem that Trump and Musk have prioritised making any deals that will reduce the US Government deficit or generate income to allow for proposed tax cuts. So extortionate deals for support of other countries, tariffs on imports, cheap fossil fuel energy, firing a percentage of the Federal work force and civil servants without too much consideration of consequences is on the agenda.
(20min delay)